Govt seeks 3-month respite from legal cases against IL&FS
The government on Friday moved the Mumbai bench of the National Company Law Tribunal (NCLT) seeking a three-month moratorium from legal proceedings in any […]
Month: October 2018
High Court dismisses Mahyco Monsanto plea against CCI probe order
The Delhi High Court Friday dismissed” biotechnology firm Mahyco Monsanto Biotech’s plea challenging the fair trade regulator’s order to investigate its directors for […]
Transstroy India heads for insolvency, NCLT nod for proceedings
The National Company Law Tribunal, Hyderabad Bench has admitted a petition for insolvency against Transstroy (India) Limited initiated by Canara Bank, declared a […]
Battle for Essar Steel: Russia’s VTB moves Supreme Court for solo bid
Russia’s VTB, the majority partner in the Numetal consortium, has moved an application in the Supreme Court seeking permission to bid solo for […]
Insolvency Professional to pay IBBI percentage annual fee earned. IP entities to pay application fee of Rs. 50000/-
In exercise of the powers conferred by sections 196, 207 and 208 read with section 240 of the Insolvency and Bankruptcy Code, 2016 […]
IBC: Dead Debts Cannot Be Revived, Supreme Court Says
Sanity has been restored in the insolvency world a bankruptcy lawyer said on the condition of anonymity, while commenting on the Supreme Court’s […]
IBBI allows multilateral financial entities to take up to 15% stake in IPA
Insolvency regulator IBBI has allowed a multilateral financial institution to acquire and hold up to 15 per cent equity stake in an Insolvency […]
India targets oil traders for $1.5 billion emergency oil reserve
India is seeking $1.5 billion of investments from global oil producers and traders to build additional emergency crude reserves that will act as a […]
FATF team not happy with Pakistan’s efforts to combat terror financing: Report
Not impressed with Pakistan’s efforts to combat terror financing, a delegation of the Financial Action Task Force (FATF) has asked it to […]
Clarification on Sanction of GST Refunds
It has been noticed that unverified reports of pending GST refunds on account of exports are published in the print media by trade […]